Latest news with #developingCountries
Yahoo
4 days ago
- Business
- Yahoo
PVC Alternatives Explored Amid Rising Costs in Blister Packaging Sector
Blister packaging, favored for its product visibility and ease of use, is advancing with technologies like thermoforming and cold forming. Increased demand for high-barrier films for enhanced protection and the growing packaged foods market in Asia Pacific drive this surge. Food Blister Packaging Market Dublin, May 30, 2025 (GLOBE NEWSWIRE) -- The "Food Blister Packaging Market - Forecasts from 2025 to 2030" report has been added to global food blister packaging market is estimated to grow at a CAGR of 4.08% to attain US$3.84 billion in 2030 from US$3.14 billion in manufacturers who compete in this global market continuously improve the blister packaging format by integrating cutting-edge packaging technologies like thermoforming and cold forming. Additionally, it is anticipated that the need for blister packaging with high barrier film for superior air, moisture, and light resistance will increase in the future, further fueling the expansion of blister packaging manufacturers. The rapid industrialization of developing countries and the increased demand for packaged meat and fruit products are expected to propel market growth. Market Trends: Affordable Packaging Solutions: Polyvinyl Chloride (PVC) is an economical thermoplastic widely valued for its versatility. It offers excellent impact resistance, strong dimensional stability, oxygen permeability, and acts as a barrier against oil and grease. Available in both rigid and flexible forms, PVC is commonly used in blister packaging for items like gum or breath mints and in tubing for food and beverage applications. However, as PVC's price per pound increases due to surging demand, brands are beginning to explore alternative materials. Technological Progress: Advancements in the blister packaging industry are a key driver of market growth throughout the projected period. With rising demand for blister packaging in the food sector, innovations in this field have gained momentum. Asia Pacific: The Asia Pacific region is expected to see significant growth over the forecast timeline. The escalating demand for food and beverage products, particularly in countries such as India, China, Japan, and South Korea, is a primary factor boosting the need for food blister packaging. Additionally, the increasing reliance on e-commerce platforms and growing consumer focus on health and hygiene are further accelerating market growth. Blister packaging provides tamper-proof, quality-assured products, enhancing food hygiene and appealing to consumers. Some of the major players covered in this report include Abhinav Enterprises, Vichare Brothers & Co, Sonic Packaging, Competent Packaging Industries, Vinpac Innovations, Real Packaging, Sudham Packaging Industries, Thermopack, Macpac Ltd., Dongguan Jiasheng Plastic Packaging Products Co. Ltd., and Jiangyin Jiaou New Materials Co., Ltd., among Coverage: Historical data from 2022 to 2024 & forecast data from 2025 to 2030 Growth Opportunities, Challenges, Supply Chain Outlook, Regulatory Framework, and Trend Analysis Competitive Positioning, Strategies, and Market Share Analysis Revenue Growth and Forecast Assessment of segments and regions including countries Company Profiling (Strategies, Products, Financial Information, and Key Developments among others) Global Food Blister Packaging Market Segmentation: By Type Compartment Slide Wallet By Material PVC PVDC PP Others By Technology Cold-Form Thermoformed By Region North America Europe Asia Pacific South America Middle East & Africa Companies Featured Abhinav Enterprises Vichare Brothers & Co. Sonic Packaging Competent Packaging Industries Vinpac Innovations Real Packaging Sudham Packaging Industries Thermopack Macpac Ltd. Dongguan Jiasheng Plastic Packaging Products Co. Ltd. Jiangyin Jiaou New Materials Co., Ltd. Key Attributes: Report Attribute Details No. of Pages 145 Forecast Period 2025 - 2030 Estimated Market Value (USD) in 2025 $3.14 Billion Forecasted Market Value (USD) by 2030 $3.84 Billion Compound Annual Growth Rate 4.0% Regions Covered Global For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Food Blister Packaging Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
Asharq Al-Awsat
4 days ago
- Business
- Asharq Al-Awsat
China Forms New Global Mediation Group with Dozens of Countries
Dozens of countries joined China on Friday in establishing an international mediation-based dispute resolution group. Representatives of more than 30 other countries, from Pakistan and Indonesia to Belarus and Cuba, signed the Convention on the Establishment of the International Organization for Mediation in Hong Kong to become founding members of the global organization, following Chinese Foreign Minister Wang Yi. The support of developing countries signaled Beijing's rising influence in the global south amid heightened geopolitical tensions, partly exacerbated by U.S. President Donald Trump's trade tariffs. At a ceremony, Wang said China has long advocated for handling differences with a spirit of mutual understanding and consensus-building through dialogue, while aiming to provide 'Chinese wisdom' for resolving conflicts between nations. 'The establishment of the International Organization for Mediation helps to move beyond the zero-sum mindset of 'you lose and I win,'' he said. The body, headquartered in Hong Kong, aims to help promote the amicable resolution of international disputes and build more harmonious global relations, he said. Beijing has touted the organization as the world's first intergovernmental legal organization for resolving disputes through mediation, saying it will be an important mechanism in safeguarding the principles of the Charter of the United Nations. It also positioned Hong Kong as an international legal and dispute resolution services center in Asia. Wang said the city's rule of law is highly developed, with the advantages of both common law and mainland Chinese law systems, asserting that it possesses uniquely favorable conditions for international mediation, The Associated Press reported. Hong Kong leader John Lee said the organization could begin its work as early as the end of this year. The ceremony was attended by representatives from some 50 other countries and about 20 organizations, including the United Nations. Yueming Yan, a law professor at the Chinese University of Hong Kong, said the new organization is a complementary mechanism to existing institutions such as the International Court of Justice and the Permanent Court of Arbitration in the Hague. 'While the ICJ and PCA focus on adjudication and arbitration, IOMed introduces a structured, institutionalized form of alternative dispute resolution — namely, mediation — on a global scale,' she said. Although many details about the new body are yet to be clarified, it could open the door for greater synergy between formal litigation or arbitration and more flexible methods like mediation, she said. Shahla Ali, a law professor at the University of Hong Kong, said the International Organization for Mediation would have the capacity to mediate disputes between states, between a state and a national of another state, or in international commercial disputes. 'Conventions can provide opportunities to experiment with new approaches," she said, noting rising interest in mediation globally as a means to resolve investor-state disputes.
RNZ News
6 days ago
- Business
- RNZ News
Lowy report finds Pacific nations 'grappling with a tidal wave of debt repayments' to China
By foreign affairs reporter Stephen Dziedzic , ABC China has lent money to Vanuatu financing new roads for its outer islands. Photo: Facebook / China Civil Engineering Construction Corporation In short: What's next? New research shows that China has emerged as the world's largest creditor for developing nations, which are due to pay back at least $54 billion to Beijing this year. Australian foreign policy think tank the Lowy Institute has crunched data from the World Bank and found some of the world's poorest countries are now facing "record high debt payments" to China . China rapidly boosted investments in infrastructure last decade, funding railways, ports and roads across the developing world under its sprawling Belt and Road Initiative - projects which have often been welcomed by governments across Latin America, Africa, Central Asia and South-East Asia. But the lending has also placed pressure on government balance sheets around the world. Beijing has sharply pulled back lending in the last five to 10 years, but the Lowy Institute's Riley Duke said bills from earlier loans were now starting to land. "China's earlier lending boom, combined with the structure of its loans, made a surge in debt servicing costs inevitable," Duke said. "Because China's Belt and Road lending spree peaked in the mid-2010s, those grace periods began expiring in the early 2020s." "It was always likely to be a crunch period for developing country repayments to China." The problem has been exacerbated by China's move to defer debt repayments during the Covid-19 pandemic, a move which was "helpful at the time" but is now "heightening…the current repayment spike". The picture painted by the report is incomplete, because China typically does not provide data for its loans, and information isn't available for many developed nations. But Duke said it was obvious that developing countries - including in the Pacific - were now "grappling with a tidal wave of debt repayments and interest costs". "Now, and for the rest of this decade, China will be more debt collector than banker to the developing world," he said. "The high debt burden facing developing countries will hamper poverty reduction and slow development progress while stoking economic and political instability risks." Six people were killed and much of the central business district of Tonga's capital Nukuʻalofa was destroyed in the 2006 riots. Photo: ABC / Supplied Pacific nations like Tonga, Samoa and Vanuatu are already grappling with high levels of Chinese debt, and have been pushing Beijing for extensions on their loans . For example, Tonga borrowed heavily from China to rebuild in the wake of the devastating 2006 riots in Nuku'alofa . It has now started gradually repaying loans worth around $190 million - a sum which Lowy says is roughly equivalent to a quarter of its GDP. But those repayments - along with recent natural disasters - have placed significant strain on Tonga's budget, as well as stoking political controversy in the Pacific Island nation. Australia has stepped in with significant financial support to help Tonga balance its books, including an $85m budget support package unveiled earlier this year . The report says that while Chinese institutions are at times willing to push back repayment demands , they've typically been unwilling to forgive debts - which means Beijing often faces a difficult diplomatic balancing act. "Beijing faces a dilemma: pushing too hard for repayment could damage bilateral ties and undermine its diplomatic goals," Duke said. "At the same time, China's lending arms, particularly its quasi-commercial institutions, face mounting pressure to recover outstanding debts." The report said Beijing's preference to kick the can down the road could create new financial dynamics in a host of developing countries. "As a result, China's approach to debt distress increasingly echoes the 'extend and pretend' practices of Western lenders during the 1980s Lost Decade - a period that left many low-income countries deeply indebted and ultimately required sweeping restructurings and write-downs in the 1990s." China's foreign ministry denied Beijing was responsible for developing debt. "China's cooperation on investment and financing with developing countries follows international practice, market principles, and the principle of debt sustainability," spokesperson Mao Ning told reporters on Tuesday, local time. "A handful of countries are spreading the narrative that China is responsible for these countries' debt. "However, they ignore the fact that multilateral financial institutions and commercial creditors from developed countries are the main creditors of developing countries, and the primary source of debt repayment pressure. Lies cannot cover truth and people can tell right from wrong." - ABC
Malay Mail
6 days ago
- Business
- Malay Mail
From lender to collector, China's US$22b Belt and Road loans are coming home to roost
SYDNEY, May 28 — The world's poorest nations face a 'tidal wave of debt' as repayments to China hit record highs in 2025, an Australian think tank warned yesterday in a new report. China's Belt and Road Initiative lending spree of the 2010s has paid for shipping ports, railways, roads and more from the deserts of Africa to the tropical South Pacific. But new lending is drying up, according to Australia's Lowy Institute, and is now outweighed by the debts that developing countries must pay back. 'Developing countries are grappling with a tidal wave of debt repayments and interest costs to China,' researcher Riley Duke said. 'Now, and for the rest of this decade, China will be more debt collector than banker to the developing world.' The Lowy Institute sifted through World Bank data to calculate developing nations' repayment obligations. It found that the poorest 75 countries were set to make 'record high debt repayments' to China in 2025 of a combined US$22 billion (RM92.5 billion). 'As a result, China's net lending position has shifted rapidly,' Duke said. 'Moving from being a net provider of financing — where it lent more than it received in repayments — to a net drain, with repayments now exceeding loan disbursements.' Paying off debts was starting to jeopardise spending on hospitals, schools, and climate change, the Lowy report found. 'Pressure from Chinese state lending, along with surging repayments to a range of international private creditors, is putting enormous financial strain on developing economies.' The report also raised questions about whether China could seek to parlay these debts for 'geopolitical leverage', especially after the United States slashed foreign aid. While Chinese lending was falling almost across the board, the report said there were two areas that seemed to be bucking the trend. The first was in nations such as Honduras and Solomon Islands, which received massive new loans after switching diplomatic recognition from Taiwan to China. The other was in countries such as Indonesia or Brazil, where China has signed new loan deals to secure battery metals or other critical minerals. — AFP
The Independent
7 days ago
- Business
- The Independent
World's poorest nations facing ‘tidal wave' of debt repayments to China, report warns
The world's poorest and most vulnerable nations are facing a 'tidal wave' of record debt repayments to China, a new report has said. China has emerged as a major lender of financial assistance to smaller nations facing various forms of fiscal crises around the world, and is now owed annual payments of $22bn to service that debt, an analysis published by Australian foreign policy think tank the Lowy Institute has revealed. The bulk of this debt service is owed by 75 of the world's poorest and most vulnerable countries, the institute said, adding that developing countries are 'grappling with a tidal wave of debt repayments and interest costs owed to China'. 'In 2025, the world's poorest and most vulnerable countries will make record high debt repayments totalling $22 billion to China. Beijing has transitioned from capital provider to net financial drain on developing country budgets as debt servicing costs on Belt and Road Initiative projects from the 2010s now far outstrip new loan disbursements,' the report said. The debt service flows, already at a historic high, are set to remain elevated for the rest of this decade, it added. China's unwillingness to take big losses on the hundreds of billions of dollars it is owed, as the International Monetary Fund and World Bank have urged, has left many countries struggling to pay Beijing back the interest agreed, stifling the economic growth that would otherwise help them pay off the debt. The result is mounting pressure on many developing economies, the report warned. 'Pressure from Chinese state lending, along with surging repayments to a range of international private creditors, is putting enormous financial strain on developing economies. The result is rising debt vulnerability and the crowding out of critical spending priorities such as health, education, poverty reduction, and climate adaptation,' it added. Despite Beijing reducing the scale of its international lending in the last five to 10 years, the true impacts from earlier loans are now starting to be felt, the Lowy Institute's Riley Duke said. "China's earlier lending boom, combined with the structure of its loans, made a surge in debt servicing costs inevitable," Mr Duke told ABC. "Because China's Belt and Road lending spree peaked in the mid-2010s, those grace periods began expiring in the early 2020s." "It was always likely to be a crunch period for developing country repayments to China." In 2023, a dozen poor countries faced economic instability or even the threat of collapse under the weight of hundreds of billions of dollars in foreign loans, much of them from China. In the Asia-Pacific region, Sri Lanka, Pakistan, Tonga, Samoa and Vanuatu are already struggling to pay back their high levels of Chinese debt, some to the point of default. In Pakistan, millions of textile workers have been laid off because the country has too much foreign debt and can't afford to keep the electricity on and machines running.
